Well, first blog post of the year. I no longer intend to try to keep up with this thing....it's a lost cause, as I never know what to write about.
For now, I'm going to update any readers on school and a 2nd foray into the stock market.
As far as school goes, I just finished 2 more classes. I haven't received the grades yet, but am confident that I will get an "A" in each class. If this is correct, it will bring my total since returning to school to 22 "A's" and 2 "B's". A pretty solid accomplishment, if I do say so myself. I have 2 classes left, starting Feb. 24th. Graduation is in June. After that, I start looking for a job in accounting, with my newly earned Bachelor's Degree. If anyone has any advice on where to look, I would love to hear it!!
My new venture is a 2nd foray into the stock market. Having just finished a finance class, and having a little extra money from my tax return, I decided to invest in the stock market again. The first time I deposited a total of $600 in 2 transactions. I bought stock in 4 companies. This was around February of 2009. I sold the stock from 3 companies in May 2011. Mind you, with the small investment amount, I only had 10 shares in each of these 3 companies. They were all established companies, just in the midst of the downturn of the economy, and I felt 2009 was a good time to invest with the rebound looming. When I sold the 3 stocks in 2011, I had about $1600 worth of stock. Not a bad return in a little over a year. The 4th stock was one that I had taken a chance on. I purchased 100 shares at $0.50 each. They are worth $0.0001 each now...lol Overall the profit made on the other 3 certainly made up for the loss on this stock.
This time, I decided to start with 1 stock and purchase 100 shares. It pays dividends, and I am participating in the dividend reinvestment program. The company is called RF Industries, Limited. They are a designer, manufacturer, and seller of communications equipment, in the radio and communications industry. They are on a downswing in stock price, but poised for a rebound and a solid company in terms of financials. They also pay a decent dividend, which compared to the price of the stock currently could buy an extra 2-4 shares per year. There are many more reasons that I like this company, but too much to get into right now. Suffice it to say I am confident in the potential for a comeback, and if nothing else, this should be a solid earner.
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Congrats on the upcoming graduation. You have put in a lot of time and effort. Nice to see it pay off.
ReplyDeleteThanks. The real payoff comes when I land a better job. Maybe then I can hit Las Vegas more often. lol Would love to be out there when you are sometime.
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